Trump launches new cryptocurrency venture but declines to share details

Donald Trump has launched a new cryptocurrency venture called World Liberty Financial during a livestreamed interview on the social media platform X. While he did not provide specific details about the venture, it is expected to function as a borrowing and lending service for trading cryptocurrencies. Trump also addressed an apparent assassination attempt against him that occurred the previous day, recounting the incident while playing golf. His comments shifted from cryptocurrency to topics like artificial intelligence. Trump's stance on cryptocurrency has notably changed since his presidency, where he previously expressed skepticism about digital currencies. He has since embraced cryptocurrency, announcing that his campaign would accept donations in this form and aiming to establish the U.S. as a leader in the crypto space. Experts have raised concerns about potential ethical conflicts arising from a presidential candidate launching a business during a campaign. Some view Trump's shift towards a pro-crypto stance as motivated by financial interests, while crypto enthusiasts see it as a positive development for the market.

- Trump launched World Liberty Financial, a cryptocurrency venture, during a livestream.

- He did not disclose specific details about the venture's operations.

- Trump's views on cryptocurrency have shifted from skepticism to support since his presidency.

- Concerns have been raised about ethical conflicts related to his business launch during the campaign.

- Crypto enthusiasts view Trump's embrace of cryptocurrency as beneficial for the market.